Guarantee Period. /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.
Guarantee Period or" WARRANTY PERIOD" shall mean the period during which the Contractor shall remain liable without any extra cost to the Purchaser for repair, replace or rectify any defective part or performance of the Stores supplied under the Contract.
Guarantee Period has the meaning given to it in clause 11.1
Examples of Guarantee Period in a sentence
The Guarantee Period shall be considered as per the last RO issued against the said RC.
This shall remain valid till the end of the Guarantee Period of contract, plus one month.
Alternatively, Associate may extend the validity of original SPBG only till the requisite period, i.e. Guarantee Period plus one month.
In case of no mention of the guarantee period in standard specifications or SCC Guarantee Period will be 12 Months from the Date of Commissioning or 24 months from the date of delivery of final lot of supplies made, whichever is earlier.
However, the Associate has the option to re-submit the SPBG as per actual RO (Release Order) value issued against the RC, valid for Guarantee Period plus one month.
More Definitions of Guarantee Period
Guarantee Period is a period of years for which a specified effective annual interest rate is guaranteed by us. Interest is credited daily at a rate to yield the declared annual Guaranteed Interest Rate.
Guarantee Period means the period during which the ‘Plant’ or ‘Equipment’ shall give the same performance as guaranteed by the vendor in the Schedule of Guarantee as in the ‘Specification’.
Guarantee Period means the period specified in Clause 6 of the Special Conditions; provided, however, that, if the last day of the Guarantee Period falls on a day that is not a Banking Day, the Guarantee Period shall extend to and include the next succeeding Banking Day.
Guarantee Period means the time as stated in the Appendix to Tender for guaranteeing the Plant, Equipment, and Materials against defects in materials, workmanship and manufacturing defects, calculated from the date upon which the entire Works (completion and commissioning of all the useful Sections in all respect) have been completed as certified by MSEDCL Representative. The term “Defects Liability Period” is synonymous with the term “Guarantee Period”.
Guarantee Period means the period specified as such in paragraph 2.6 of the Order Form;
Guarantee Period means, in respect of each part of the Supplies and Services, a period of a minimum of twelve (12) months commencing on the date of Acceptance of such part;
Guarantee Period means a period of eighteen months following Delivery or, in respect of work to remedy a Defect, eighteen months following the remedy or as stated in the Purchase Order or in any Company agreement under which the Purchase Order is issued.